157
157
Dec 5, 2012
12/12
by
CNBC
tv
eye 157
favorite 0
quote 0
you have the customers of the ports and the city saying fix this. when it comes to the president in this economy. we are 8 days in and he hasn't started the process of reconvening the board. >> the board is already so pro union as is the president fresh off his re-election even though this is not going to be a california emergency, this could be a national emergency for closing down those huge ports. that is it for tonight's show. thank you for watching. we will see you tomorrow night we need premarket capitalism. not a union hold up. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... when you take a closer
you have the customers of the ports and the city saying fix this. when it comes to the president in this economy. we are 8 days in and he hasn't started the process of reconvening the board. >> the board is already so pro union as is the president fresh off his re-election even though this is not going to be a california emergency, this could be a national emergency for closing down those huge ports. that is it for tonight's show. thank you for watching. we will see you tomorrow night we...
85
85
Dec 4, 2012
12/12
by
CNBC
tv
eye 85
favorite 0
quote 0
. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. first china conundrum. is the chinese recovery in recovery mode? a top strategist is digging through the data. hedgefund head winds are supposed to be some of the smartest on the street but 2012 has not been kind. find out if december will bring rebound or redempson. commodities collapse. breaking down the slide in gold today. first we have to get straight to our top story and that is apple down by 1.75%. could apple's problem be that its growth has, in fact, peaked. well respected strategist out with a note highlighting the multiple which has been in steady decline since 2009. the peak marked by the release of the iphone 3 gs and earnings growth is what the stock needs to go higher. so do you buy that perhaps margins have, in fact, peaked here and that the best is over for apple? >> i have a mic problemb now. if you look at wear google and microsoft have been on the margins this has been a place for the stocks. >> that is a great point. >> magic of live television. >> he strolled in.
. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. first china conundrum. is the chinese recovery in recovery mode? a top strategist is digging through the data. hedgefund head winds are supposed to be some of the smartest on the street but 2012 has not been kind. find out if december will bring rebound or redempson. commodities collapse. breaking down the slide in gold today. first we have to get straight to our top story and that is apple down by...
52
52
Dec 3, 2012
12/12
by
CNBC
tv
eye 52
favorite 0
quote 0
we are live at the nasdaq market site in new york city. the special dividend surge continues to grow. 98 special dividends announced this quarter totaling nearly $23 billion. three of those announced today. will 2013 be the year of stock dividends instead of cash ones and maybe buy backs, too. joining us is don yackman. >> we have seen the threat of higher taxes change the way companies behave and manage their cash. you think that next year we'll see this in a different way. no more cash dividends. >> well, i'm hopeful that the ceos and boards are rational and eliminate cash dividends based on tax rates going from 15% to 43.6% and that is before new york and california get their share which would push people over 50%. >> in terms of companies that may proceed and do this do you think it is the same pool of companies that have issued special dividends this year, ones that are concerned about the tax issue? >> i think they are showing the leadership. i mean, if you look at like some of the people that are very respected, warren buffett hasn'
we are live at the nasdaq market site in new york city. the special dividend surge continues to grow. 98 special dividends announced this quarter totaling nearly $23 billion. three of those announced today. will 2013 be the year of stock dividends instead of cash ones and maybe buy backs, too. joining us is don yackman. >> we have seen the threat of higher taxes change the way companies behave and manage their cash. you think that next year we'll see this in a different way. no more cash...
203
203
Dec 7, 2012
12/12
by
CNBC
tv
eye 203
favorite 0
quote 0
in terms of who did it best this week, citi up 10% on slashing 11,000 jobs. the morality of it, i feel sorry for people losing their jobs, but this is one of those stories where i guess a little bit of austerity was rewarded because at some point, everybody's got to pay the piper. >> you would think so. ralph, quantify your bullishness for us, if you can. a lot of houses on the street putting out their forecast for 2013 have been pretty bullish. they see this market as undervalued. they feel once we get the fiscal cliff out of the way that the market will be able to, you know, some of the cash comes back. what does that mean to you if you're bullish as well or ecstatic, as you said. >> in terms of the dow, i'm looking out about six months or so, into the first half of the year. i think that will be the bulk of the move. i think the dow could easily get to 15,000. >> in six months? >> yeah. >> okay. s&p? >> s&p is around, what, 1500. >> it's at 1416 today. >> yeah. >> 1418. >> a little over 1600. >> and is this the beginning of a new secular trend in the marke
in terms of who did it best this week, citi up 10% on slashing 11,000 jobs. the morality of it, i feel sorry for people losing their jobs, but this is one of those stories where i guess a little bit of austerity was rewarded because at some point, everybody's got to pay the piper. >> you would think so. ralph, quantify your bullishness for us, if you can. a lot of houses on the street putting out their forecast for 2013 have been pretty bullish. they see this market as undervalued. they...
98
98
Dec 7, 2012
12/12
by
CNBC
tv
eye 98
favorite 0
quote 1
companies are being able to shift jobs from higher cost cities to lower cost centers in the united states where there is a lot of talent. so more and more jobs are being created here. we know the example of general motors, among others. and it's going to help the economy. so this is a very favorable outcome. >> thank you very much for joining us today, harley. thanks for bringing these jobs back here. >>> the other big issue in the job market -- the lack of skilled workers. it is actually becoming a big issue for builders. diana olick is on that story. diana, what happened to all the construction workers that were out of work a couple years ago? where did they go? >> reporter: well, about 2 million of them, believe it or not, left the workforce during the housing crash. this is residential and non-residential construction. because this crash has gone on for going on five years now, a lot of those workers were retrained in other careers and are actually not coming back to home building. that's why the builders are saying they need skilled workers. skilled workers like these students here a
companies are being able to shift jobs from higher cost cities to lower cost centers in the united states where there is a lot of talent. so more and more jobs are being created here. we know the example of general motors, among others. and it's going to help the economy. so this is a very favorable outcome. >> thank you very much for joining us today, harley. thanks for bringing these jobs back here. >>> the other big issue in the job market -- the lack of skilled workers. it is...
237
237
Dec 4, 2012
12/12
by
CNBC
tv
eye 237
favorite 0
quote 0
you can't borrow a lot, so you have to have the cash to be able to build. when you have a conservative capital structure and you're buying iconic assets in great cities, i think you'll do very well over time. traditionally, that's been proven in real estate. >> we all know it was a very hotly contested presidential election, and of course your dad, donald, has been on our program a lot. he was a big supporter of romney. there were stories going around that you said, dad, pull it back a bit. you don't have to be so negative on the president. is that what happened? >> it was fascinating because this was a widely circulated report that was without fact at all, and not one reporter actually called and asked the question you just did, which is, is that true? no, it wasn't. my father has been a very important part of the dialogue. he's been saying a lot of things that other people, you know, not wanting to be in a space where they're talking about politics, they don't see it as advantageous. they're not really speaking their minds. it would not be my place to tel
you can't borrow a lot, so you have to have the cash to be able to build. when you have a conservative capital structure and you're buying iconic assets in great cities, i think you'll do very well over time. traditionally, that's been proven in real estate. >> we all know it was a very hotly contested presidential election, and of course your dad, donald, has been on our program a lot. he was a big supporter of romney. there were stories going around that you said, dad, pull it back a...
59
59
Dec 13, 2012
12/12
by
CNBC
tv
eye 59
favorite 0
quote 0
. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of a to yahoo! stocks, are suddenly the comeback kids of the fourth quarter. we're separating winners from losers. >>> plus, sell signal. if insiders are heading for the exits, should you be, too? >>> and we're talking real estate and the fiscal cliff with dolly lens. but first, let's get straight to our top story, and that is the haggling in washington, d.c. president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in budget talks, given the inflexibility of the white house. question is going to be, what is that shakeup? the speaker wants and republicans have been the demanding more details from the white house on potential cuts and entitlement programs. the white house has shown no willingness to go furt
. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of a to yahoo! stocks, are suddenly the comeback kids of the fourth quarter. we're separating winners from losers. >>> plus, sell signal. if insiders are heading for the exits, should you be, too? >>> and we're talking real estate and the fiscal cliff with dolly lens. but first, let's get straight to our top story, and that is the haggling in...
66
66
Dec 20, 2012
12/12
by
CNBC
tv
eye 66
favorite 0
quote 0
the moment many of you have been waiting for. big ackman in new york city. guys, take it away, andrew. >> thank you. and mr. ackman, thank i for being here. >> sure. >> we have been watching the number of reports that kate kelly has been doing. we have a number of follow-up questions. the first know is about your short position in this country. when did you start the position, at what price, and when does it end? the reason i ask is because michael johnson, ceo has said publicly that he believes you have puts that expire on friday. >> sure. very clear, we own no puts on herbalife. we are short the stock, only. we are not short any other company in the industry. just herbalife. we shorted the stock, i would say, seven months ago or so, and we've had our position since then and have built it up over time. >> at what point would you consider the success in terms of getting out of the position? >> success here, look, the company can survive in a middle grout. if it is found to be a pyramid scheme, it is a zero. >> at what point, if you succeed, you are donating
the moment many of you have been waiting for. big ackman in new york city. guys, take it away, andrew. >> thank you. and mr. ackman, thank i for being here. >> sure. >> we have been watching the number of reports that kate kelly has been doing. we have a number of follow-up questions. the first know is about your short position in this country. when did you start the position, at what price, and when does it end? the reason i ask is because michael johnson, ceo has said...
237
237
Dec 27, 2012
12/12
by
CNBC
tv
eye 237
favorite 0
quote 0
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> welcome back to "the kudlow report." in this half hour, at least one report says santa wasn't so generous this holiday season. this christmas. but not so fast. we haven't heard the last word yet on the retailers. and no one has heard any words from hillary clinton lately. the state department tells us she is still recovering from the
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets...
148
148
Dec 5, 2012
12/12
by
CNBC
tv
eye 148
favorite 0
quote 0
two of the biggest names in the most widely held stocks around, citi and apple topping the news this hour. headlines aren't good. apple right now is down about 4%. back in bear market territory, down 22% from their historic intraday high of $705 set back in september. right now shares are trading at $551.33. bob pisani joins me on the floor of the nyse. it started with this idc report citing the fact that they would lose their dominance in the tablet market in probably the next couple of years, and then the margin requirement story. >> it is a little complicated. i just want to address this issue first of the rally that we've got because i think that is sort of what's moving the overall market. there is some vague talk in washington that there may be some republican members starting to break ranks with the leadership on the tax issue. there's talk now that some republicans might be willing to accept higher taxes for the wealthy. this would be a break-through. we're monitoring that. now to what sue was talking about on apple. there are some firms raising margin requirements. i think t
two of the biggest names in the most widely held stocks around, citi and apple topping the news this hour. headlines aren't good. apple right now is down about 4%. back in bear market territory, down 22% from their historic intraday high of $705 set back in september. right now shares are trading at $551.33. bob pisani joins me on the floor of the nyse. it started with this idc report citing the fact that they would lose their dominance in the tablet market in probably the next couple of years,...
229
229
Dec 10, 2012
12/12
by
CNBC
tv
eye 229
favorite 0
quote 0
they had, you know, an apartment here on park avenue in the city, all of which are the accoutrements of great wealth. but it wasn't an extraordinary lifestyle. >> safer: how much does all that total? >> according to the government, it's over $50 million. >> safer: just a drop in an oversized bucket, nothing close to what investors lost. so picard and his team continued to follow the money. they started here. so this was the scene of the crime... madoff's new york offices, an impressive landscape of emptiness. >> his desk was here... >> safer: and close by, perhaps a work of art that sums up the entire story. >> it's called the soft screw. and it was about 4--i guess 4 to 6 feet high, and it was sitting right here. >> safer: and sitting on top of the world was madoff himself. >> he was much like the wizard of oz, just hiding behind this wall. and no one could quite penetrate it, but they sort of really liked the results. (watch ticking) >> stahl: coming up, an unexpected twist in the hunt for the madoff investors' missing money. >> safer: most people assume that everyone lost money. >
they had, you know, an apartment here on park avenue in the city, all of which are the accoutrements of great wealth. but it wasn't an extraordinary lifestyle. >> safer: how much does all that total? >> according to the government, it's over $50 million. >> safer: just a drop in an oversized bucket, nothing close to what investors lost. so picard and his team continued to follow the money. they started here. so this was the scene of the crime... madoff's new york offices, an...
211
211
Dec 5, 2012
12/12
by
CNBC
tv
eye 211
favorite 0
quote 0
is a convention at the hilton in the city. and there's no question, the bricks and clicks model is what will happen. retailers will provide an internet alternative, they'll let you pick it up in the store, they'll let it be shipped, they'll have other sizes, they'll move it from store to store. and that's the model. all the retailers are talking about the internet is driving their business, gives good research, you know, it's a compliment. it'll affect a little bit, but good resale, dense populations, very good risk adjusted. >> going to continue to work. this the the kind of stock you can ride through a fiscal cliff with. thank you to drew alexander, president and ceo of weingarten, i've followed it for years, it's the best, wri. after the break, i'll try to make you more money. thank you, drew. >> thank you. >>> coming up -- love thy neighbor? forget china, there's a skyrocketing industrial boom just south of the border. want to find out how to hop aboard this new growth theme? cramer's got one play that could put you on the
is a convention at the hilton in the city. and there's no question, the bricks and clicks model is what will happen. retailers will provide an internet alternative, they'll let you pick it up in the store, they'll let it be shipped, they'll have other sizes, they'll move it from store to store. and that's the model. all the retailers are talking about the internet is driving their business, gives good research, you know, it's a compliment. it'll affect a little bit, but good resale, dense...
95
95
Dec 12, 2012
12/12
by
CNBC
tv
eye 95
favorite 0
quote 0
to the like of jamie dimon, blake and mark andresen. hi, kayla. >> hi, sue. we have takes on the morning spesh especially with the all important fiscal cliff. he says he didn't mind when there is gridlock. when the government does something it usually ends up in gridlock anyway. but jiamie dimon says the government has do much. >> we have moral authority around the world. let's just do it. the table is set very well right now. corporations, middle market companies, small business in good shape. 5 million more people working than four years ago. housing turned the corner. let's just keep it going. >> we heard from ceo of gold man sacks saying if this were a business man manner there would be no tripping of the fiscal cliff at the end of the year but also made interesting comments about goldman sacks reputation. here is how he categorized it. >> we started from scratch. no one knew who we were or what we did. and shame on us in hindsight we let other people define us and nobody knew what we attributed to the economy and jobs growth creati
to the like of jamie dimon, blake and mark andresen. hi, kayla. >> hi, sue. we have takes on the morning spesh especially with the all important fiscal cliff. he says he didn't mind when there is gridlock. when the government does something it usually ends up in gridlock anyway. but jiamie dimon says the government has do much. >> we have moral authority around the world. let's just do it. the table is set very well right now. corporations, middle market companies, small business in...
100
100
Dec 17, 2012
12/12
by
CNBC
tv
eye 100
favorite 0
quote 0
the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in about 30 trading days. led us to ask the question, is everything fine? >> that's a u shaped recovery. look that. a perfect u. >> it spp what do you say, john? is research in motion back, baby? >> no, not yet. >> i tried. >> i know. it doesn't take much to make me salivate today because all i've had to eat is a protein bar. blackberry 10 is exciting. but we still don't know exactly what is coming there yet. couple things. for the quarter report willing tomorrow, revenues are about half. if they meet expectations, or if they meet a little, they are expecting an eps loss of 35%. second of all, expectations for next quarter are bet are than that and we still don't have blackberry 10 yet. you have to be a little bit bullish to understand there is more product for something already a bit outdated and still do a little better on margins pf given that people will anticipate blackberry 10. >> and i know you have a theory out there. i won't steal your thunder though. i will
the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in about 30 trading days. led us to ask the question, is everything fine? >> that's a u shaped recovery. look that. a perfect u. >> it spp what do you say, john? is research in motion back, baby? >> no, not yet. >> i tried. >> i know. it doesn't take much to make me salivate today because all i've had to eat is a protein bar. blackberry 10 is exciting. but we...
92
92
Dec 12, 2012
12/12
by
CNBC
tv
eye 92
favorite 0
quote 0
live from the nasdaq market site in new york city, i'm melissa lee. here are tonight's top three trades. mr. shake shack himself, danny meyer, talks consumers and the cliff. are people still spending in this tough economic climate? plus, i-tv. will apple disrupt another media industry and what will it take to give the stock a second wind? and can red box really give netflix a run for its money? but first, our top story, of course, the fed making a change to monetary policy, linking future moves to the rate of unemployment. for more, let's bring in the man who said to have his finger on the pulse of the fed, the chief economics correspondent at "the wall street journal." john, great to have you with us. >> great to be back. >> do you think this is a good thing or bad thing? >> oh, god. i don't want to pass judgment. i think only history is going to be able to tell if it was good or bad. i think there's a risk here, though, which is, the felt's been trying to do all these things to clarify what it's trying to do, and they run the risk of confusing peopl
live from the nasdaq market site in new york city, i'm melissa lee. here are tonight's top three trades. mr. shake shack himself, danny meyer, talks consumers and the cliff. are people still spending in this tough economic climate? plus, i-tv. will apple disrupt another media industry and what will it take to give the stock a second wind? and can red box really give netflix a run for its money? but first, our top story, of course, the fed making a change to monetary policy, linking future moves...
110
110
Dec 3, 2012
12/12
by
CNBC
tv
eye 110
favorite 0
quote 0
protests in new york city saying they want a bigger slice of the pie. >>> did you see the 60 minutes investigation on chain hma? why our guest has put the stock at a sell. >>> 2:00 to 3:00 p.m. eastern on "street signs." >>> ubs is loeldi inholding its annual media conference in new york today. david faber has the ceo from charter communications. his first interview from taking the top spot. >> we are here at the ubs media conference. with a guest in the media industry whom i have never interviewed on camera. tom rutledge, ceo of charter communications. 5 million subscribers spread across the country but certainly st. louis still the hub. nice to have you. >> thank you, david. glad to be here. >> you've been ceo of this company for most of this year, let's call it. ten months or so. it's different than cablevision which i ran as coo, the cable part of it, for many years. much more spread out. much lower average revenue per user. how confident are you that you can tackle something that even geographically is very different than what you did at cablevision, not to mention get people to
protests in new york city saying they want a bigger slice of the pie. >>> did you see the 60 minutes investigation on chain hma? why our guest has put the stock at a sell. >>> 2:00 to 3:00 p.m. eastern on "street signs." >>> ubs is loeldi inholding its annual media conference in new york today. david faber has the ceo from charter communications. his first interview from taking the top spot. >> we are here at the ubs media conference. with a guest in...
237
237
Dec 21, 2012
12/12
by
CNBC
tv
eye 237
favorite 0
quote 0
the former mayor of new york city. rudy jew rudy giuliani. most folks want you to run again, former mayor, but i don't think that's in the cards. let me begin with an easy question. what do you make of this millionaire's threshold? john boehner's plan b, spending cuts, tax rates? you tell me. >> i agree with heather. probably the best john boehner can do. difficult for the republicans. 80-plus just ran four years ago with a promise they wouldn't raise taxes. i can understand why he's having trouble getting those votes, but i think he has no choice but to the try to pass snag soomething pushes the ball back into the president's court. the passage of the spending decreases was important. that's really where the emphasis should be. in tan ideal world, shouldn't raise taxes, shouldn't give the government more money because they're wasting money. we're not an an ideal world. i think john boehner, plan b is probably the best he can get. >> ask i ask, the other side of heather's point, republicans are losing the messaging battle. >> no question abou
the former mayor of new york city. rudy jew rudy giuliani. most folks want you to run again, former mayor, but i don't think that's in the cards. let me begin with an easy question. what do you make of this millionaire's threshold? john boehner's plan b, spending cuts, tax rates? you tell me. >> i agree with heather. probably the best john boehner can do. difficult for the republicans. 80-plus just ran four years ago with a promise they wouldn't raise taxes. i can understand why he's...
142
142
Dec 5, 2012
12/12
by
CNBC
tv
eye 142
favorite 0
quote 0
interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group would slim down by half. interesting that they are cutting a big chunk of that group. global consumer banking is responsible for 35% of the cuts and then going on through the other business lines like citi holdings, those are responsible for smaller portion of those jobs. citi getting smaller. a billion dollars going to be the pretax charge in the fourth quarter of next year. 11,000 jobs a big move from the new ceo over there. carl? >> all right. thank you very much, kayla. we're reading through the release right now ourselves. big strategic move. >> how many people work at this ba
interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group...
245
245
Dec 24, 2012
12/12
by
CNBC
tv
eye 245
favorite 0
quote 0
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> and finally today, my observation on the consequences and ripple effects of no leadership and bad government policy. here we are on the doorstep after new year and the economy falling off the fiscal cliff. as a result businesses and individuals are facing some of the biggest uncertainties and questions in decades. regardless of what congress does or doesn't do to deal with the year-end fiscal cliff, it is too late for employers to accurately withhold income taxes from paychecks. payroll increases start january 1. but talks drag on of how to ad
only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> and finally today, my observation on the consequences and ripple effects of no leadership and bad government policy. here we are on the doorstep after new year...
202
202
Dec 5, 2012
12/12
by
CNBC
tv
eye 202
favorite 0
quote 0
so it's right in the heart of the city. and then you have with the high line, we all know the impact of that. and the expansion of the hudson boulevard that's being built. all these things coming toget r together, and this is where people want to be today in chelsea. i mean, you know when we go out and night and all the new restaurants and activity going, it's all in that area. so i think this will really become the new heart. it'll be kind of a shift. and it's exciting because people said it wouldn't happen. and the vision of the bloomberg administration was -- they were right on target. >> so city government was on your side here. i think of all the things that stand in the way of projects like this, whether it's regulatory issues or zoning issues or labor problems, or credit not being available or the fiscal cliff, any -- i mean it's -- and it's happening. so none of those things stood in your way? they make it more difficult? >> i mean, look -- doing a job this size in these times certainly -- >> took a while. >> right.
so it's right in the heart of the city. and then you have with the high line, we all know the impact of that. and the expansion of the hudson boulevard that's being built. all these things coming toget r together, and this is where people want to be today in chelsea. i mean, you know when we go out and night and all the new restaurants and activity going, it's all in that area. so i think this will really become the new heart. it'll be kind of a shift. and it's exciting because people said it...
152
152
Dec 3, 2012
12/12
by
CNBC
tv
eye 152
favorite 0
quote 0
where do you think vegas fits on that map, and what's the trajectory for the city on that front? >> it's the fastest growing part of everything we have been working on. two years ago, the vegas tech start-up scene was virtually nonexistent. and we've had several companies just ones i happen to know of, there's been ten tech start-up companies that relocated from other states to downtown vegas. so, for example, one of the companies is remotive. they make iphone-powered robots and moved to downtown vegas about a year ago, originally three people from seattle. they had considered silicon valley but then we recruited them to downtown vegas and now they're at about 20 people. and recently announced $5 million in funding from sequoia capital. so it's really happening here and it's pretty exciting to be part of it. >> yeah, and the city definitely needs it. that would be great if it could catch fire and sounds like it is. talk to me about retail. how did cybermonday go? how are you feeling about the season at large? there's been some discussion about how good the numbers looked overall
where do you think vegas fits on that map, and what's the trajectory for the city on that front? >> it's the fastest growing part of everything we have been working on. two years ago, the vegas tech start-up scene was virtually nonexistent. and we've had several companies just ones i happen to know of, there's been ten tech start-up companies that relocated from other states to downtown vegas. so, for example, one of the companies is remotive. they make iphone-powered robots and moved to...
151
151
Dec 26, 2012
12/12
by
CNBC
tv
eye 151
favorite 0
quote 0
it definitely rebounded. >> at the same time, david, some of the cities that had, you know, fair to best during the downturn are now showing some weakness, chicago and new york, the only two cities with negative returns in the month of october. what's going on in those two markets? >> well, i think the first thing to recognize is what you pointed out. they didn't have the incredible boom going on. so they've been a lot more classic. those are markets where i think there are some other concerns related to local economic base. new york is highly dependent on financial services. and financial services, despite the stock market, have not been doing as well as they might. and have seen a lot of slowness. and rumors of layoffs. so there are areas that are a bit weak. even with those, i think on a national basis housing continues to be very solid. >> would you anticipate, david, seeing any sort of impact in sort of a higher income areas, in states, california, the northeast, because of the fiscal cliff? do you think that's going to show up eventually in the data? >> actually, i think the bigger
it definitely rebounded. >> at the same time, david, some of the cities that had, you know, fair to best during the downturn are now showing some weakness, chicago and new york, the only two cities with negative returns in the month of october. what's going on in those two markets? >> well, i think the first thing to recognize is what you pointed out. they didn't have the incredible boom going on. so they've been a lot more classic. those are markets where i think there are some...
166
166
Dec 14, 2012
12/12
by
CNBC
tv
eye 166
favorite 0
quote 0
>> the benefit to the city is if it's better for passengers, it's better for the city. >> how long do i have to stand with my arm out whilst taxis pass me with lights off? because someone hailed them halfway across manhattan? >> i think the main way people get taxis is the old-fashioned stick your hand in the air. especially during the day in midtown, downtown. i don't drivers will need this app to find passengers. there are plenty of passengers. this app will be most useful late at night, on the edges of the taxi service area. that way, a taxi knows there's somebody three, four blocks away. >> didn't they try this in the 1980s? wasn't it abandoned because it didn't work, because there weren't enough taxis to fulfill the plan to come through? >> in the old day, it was both by radio and street hail. then they created the black car and car service industry. but now, with technology, you can have a car do both of these, and they can figure out the most efficient way to operate themselves. you know, we think you let the market figure out what's the most efficient. >> you have to think, in
>> the benefit to the city is if it's better for passengers, it's better for the city. >> how long do i have to stand with my arm out whilst taxis pass me with lights off? because someone hailed them halfway across manhattan? >> i think the main way people get taxis is the old-fashioned stick your hand in the air. especially during the day in midtown, downtown. i don't drivers will need this app to find passengers. there are plenty of passengers. this app will be most useful...
214
214
Dec 17, 2012
12/12
by
CNBC
tv
eye 214
favorite 0
quote 0
in our society. >>> and earlier in the day, new york city mayor michael bloomberg called on the president to lead the nation on the issue of gun control. >> it's time for the president, i think, to stand up and lead and tell this country what we should do. not go to congress and say, what you guys want to do. this should be his number one agenda. he's the president of the united states. and if he does nothing during his second term, something like 48,000 americans will be killed with illegal guns. that is roughly the number of americans killed in the whole vietnam war. so let's get to cnbc's washington correspondent john harwood to talk about how washington will handle the gun control issue. i guess that's what we'll talk about this time. we have a lot to talk to you about involving washington. i guess the lead, obviously, we would be talking about boehner, too, at some point, john. do you have comments on the gun control issue? >> well, i think you saw in the president's address last night, a politician who had been deeply impacted by what happened, like the entire country has been impac
in our society. >>> and earlier in the day, new york city mayor michael bloomberg called on the president to lead the nation on the issue of gun control. >> it's time for the president, i think, to stand up and lead and tell this country what we should do. not go to congress and say, what you guys want to do. this should be his number one agenda. he's the president of the united states. and if he does nothing during his second term, something like 48,000 americans will be killed...
230
230
Dec 19, 2012
12/12
by
CNBC
tv
eye 230
favorite 0
quote 0
philly, temperatures, getting to the 50s that direction. 45 in new york city. the big story is actually going on to the west. did want to show some of the snowfall totals to the north. some of that includes the system that will be getting going the next couple of days. here it is in the four corners. flying out of denver, an increasing chance for snow across the area. also really gusty winds on the back side of the system as it pushes out. doesn't look like much. denver to cheyenne, snow. sweeping east. not too big of a totals to start with, but tonight and tomorrow, by this afternoon, may get snow going toward omaha, nebraska. then it picks up, big-time windmaker. winds west to the northwest. blizzard conditions, even into portions of southern wisconsin as we get in through thursday. and of course even chicago, starting with some rain late tonight. maybe switching to snow tomorrow. here's what the system looks like. temperatures around 23 in denver. that's today with snow in toward des moines by later this evening after the commute. then there's tomorrow. late
philly, temperatures, getting to the 50s that direction. 45 in new york city. the big story is actually going on to the west. did want to show some of the snowfall totals to the north. some of that includes the system that will be getting going the next couple of days. here it is in the four corners. flying out of denver, an increasing chance for snow across the area. also really gusty winds on the back side of the system as it pushes out. doesn't look like much. denver to cheyenne, snow....
215
215
Dec 12, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 1
sin city has fallen by a third for marriage as other cities like new york have become the place for quickie weddings. las vegas is hoping that 12-12-12 will bring in a huge number of couples looking to get hitched. 12 does denote love. >> the number 12? >> yes, just like 8 is good luck. >> riachel in laughlin has an estimate out this year that they could lose more attendees there for conventions. things are deteriorating. >> tonight on fast? >> we've got jon hilsenrath of the "the wall street journal" to help us sort out what dben bernanke is xwg to say today. and danny meyer from union square hospitality to talk about restaurant groups. >> i smell cooking segment. >> i hope so. >> see you a little later. big afternoon shaping up. if you just joined us, here's what you missed earlier this morning. >> welcome to hour three of "squawk on the street." here's what's happening so far. >> jp morgan is going to be fine. i'm not worried about jp morgan and the customers for united states of america and the global financial system. you must be opaque. you must go back to greenspan speak and say, lis
sin city has fallen by a third for marriage as other cities like new york have become the place for quickie weddings. las vegas is hoping that 12-12-12 will bring in a huge number of couples looking to get hitched. 12 does denote love. >> the number 12? >> yes, just like 8 is good luck. >> riachel in laughlin has an estimate out this year that they could lose more attendees there for conventions. things are deteriorating. >> tonight on fast? >> we've got jon...
252
252
Dec 27, 2012
12/12
by
CNBC
tv
eye 252
favorite 0
quote 1
city budge let's constrained and city got to raise money and the state of i will sill in quite a parlance state itself. >> got to get the revenues from some state, guy he is. >>> talk about the weather here, the winter storm working across much of the nation, still causing headaches in the northeast, expected to dump one to two feet of snow in some parts of maine and surrounding states today. the weather channel's eric fisher is live in lewis ton, maine, with the latest. hi, eric. >> good morning, melissa. hi there, every ebb. snow coming down a few hours ago, now ernest across maine that will continue all day long, many states touched by this winter storm, maine will be the last one in the lower 48 this all started back in west texas, a white christmas in amarillo and lubbock, folks doing shoveling here this holiday week, notice the visibility starting to go down, traffic has been light, all of the state offices are close here in maine for today. across all of this state, vermont, new hampshire, new york, dealing with the wintery weather. if you are a traveler, certainly not any good new
city budge let's constrained and city got to raise money and the state of i will sill in quite a parlance state itself. >> got to get the revenues from some state, guy he is. >>> talk about the weather here, the winter storm working across much of the nation, still causing headaches in the northeast, expected to dump one to two feet of snow in some parts of maine and surrounding states today. the weather channel's eric fisher is live in lewis ton, maine, with the latest. hi,...
190
190
Dec 20, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
rick santelli here in the wonderful city of chicago. if fiscal responsibility was a religion, then i think that the world is engulfed in atheist economists. we have dr. kenneth rogoff on. he co-authored a working research paper titled "debt overhangs past and present" and his research is so enlightening. talks about going back to 1800. there have been 26 episodes where debt-to-gdp reached 90%. there is something magical about 90%. let's welcome dr. rogoff. welcome, sir. >> greetings. >> i would like to you give us a bit of a summary. in your paper you pretty much knock my views but you knock the john maynard kazen views as well. >> they don't matter that much and it's hard to show an effect on growth. but when your debt level gets over 90% or 100% of gdp, it's not a precise number but a good benchmark historically, it's associated with slower growth for a very long time. this doesn't happen that often. there are only a very limited number of ep soeds across advanced economies since 1800. a lot of these episodes were before we had social
rick santelli here in the wonderful city of chicago. if fiscal responsibility was a religion, then i think that the world is engulfed in atheist economists. we have dr. kenneth rogoff on. he co-authored a working research paper titled "debt overhangs past and present" and his research is so enlightening. talks about going back to 1800. there have been 26 episodes where debt-to-gdp reached 90%. there is something magical about 90%. let's welcome dr. rogoff. welcome, sir. >>...
172
172
Dec 27, 2012
12/12
by
CNBC
tv
eye 172
favorite 0
quote 0
also this morning, the kansas city fed survey. the lead story in the journal today is a 6.9% rise in house prices so far this year. since january. and some people are saying after some false starts, residential has concerned. >> well, you're right. >> you can have some recovery, some have firmness in housing prices, but it's going to drive the recovery on the back of housing. that's not going to happen. >> and people are choosing who to hook up with. i couldn't tell whether that spoke to you or whether you thought it was odd. you thought it was a pretty good idea, i think. you don't want to go out with someone who has a 200, do you? >> do you think eharmony should add a little line, what is your credit score? >> what is your credit score. >> and people are dating now on -- >> can you trust someone who you give your attentions to and eventually give your heart to that doesn't pay your bills? would you? it makes sense to me, doesn't it? >> i don't know about that. >> you could stay with the person, too. >> change them? >> wasn't tha
also this morning, the kansas city fed survey. the lead story in the journal today is a 6.9% rise in house prices so far this year. since january. and some people are saying after some false starts, residential has concerned. >> well, you're right. >> you can have some recovery, some have firmness in housing prices, but it's going to drive the recovery on the back of housing. that's not going to happen. >> and people are choosing who to hook up with. i couldn't tell whether...
301
301
Dec 24, 2012
12/12
by
CNBC
tv
eye 301
favorite 0
quote 1
the fcc says that 30% to 40% of robberies in some of the biggest cities involve cell phones. in washington, d.c., they say it's 38%. in san francisco, police say it's nearly 50%. it's difficult to break out the numbers and break it down by brands, but police have confirmed that the best of apple products is a big business. they call it apple pigging. in new york city in september, the nypd reported theft of apple products was up 40% year over year, and they expect that number to rise over the holiday season. how can shoppers figure out if the devices they're buying are legitimate or stolen? apple phones have serial numbers. those can be traced, of course, if a phone was reported lost or stolen. they'll also be blocked from further use. experts actually say if you're buying used online you should ask for the serial number of the product. david? >> thanks very much, jackie. between hurricane sandy in october and the snowstorms out west over the last few days, people could have had a tough time getting out shopping over the last couple of months. how are retailers faring? well,
the fcc says that 30% to 40% of robberies in some of the biggest cities involve cell phones. in washington, d.c., they say it's 38%. in san francisco, police say it's nearly 50%. it's difficult to break out the numbers and break it down by brands, but police have confirmed that the best of apple products is a big business. they call it apple pigging. in new york city in september, the nypd reported theft of apple products was up 40% year over year, and they expect that number to rise over the...
190
190
Dec 24, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
there's no way that you can expect housing prices on the east coast or the new york city area. you're going to buy a $1 million house for $200,000. it's just the money -- people make a lot more money in certain areas than in other areas. >> i got laura an iphone for christmas this weekend. >> a 5? >> a 5. >> i hope she's not watching. >> no, she probably isn't. maybe she is. one of the first apps she downloads is called the amazon price checker. do you know what this is? you take your phone up to a bar tag in any store. and then they'll match it right there. it's a price match thing. >> so a price match. >> but how -- that really changes retail, right? >> and the internet has been a huge, you know, it's been a marketplace enhancer for everybody. it's driven all prices lower. and i think that will help keep down inflation. >> there's so much online sales that we don't know it, tracking our behavior, if you're sent from a certain site, that site gets a payment for sending you there. it's kind of amazing. >> you know, andrew, i was -- do you remember last week when i said i would
there's no way that you can expect housing prices on the east coast or the new york city area. you're going to buy a $1 million house for $200,000. it's just the money -- people make a lot more money in certain areas than in other areas. >> i got laura an iphone for christmas this weekend. >> a 5? >> a 5. >> i hope she's not watching. >> no, she probably isn't. maybe she is. one of the first apps she downloads is called the amazon price checker. do you know what...
185
185
Dec 13, 2012
12/12
by
CNBC
tv
eye 185
favorite 0
quote 0
i had a lunch. >> it was in the city. >> no. >> you were so close, you came across the bridge? >> i also had to meet with my style team. >> okay. >> my style is lacking, apparently. >> another historic night at madison square garden and the 12-12-12 concert brought relief for hurricane sandy. the sold-out show lasted nearly six hours and was said to have reached an audience of two billion, with a b, people around the world. it was broadcast over tv, radio, internet, quite a night if you were lucky enough to have a ticket. i was actually at another charity dinner where they auctioned off tickets to this event with a car waiting outside and some very generous person spend $19,000 and bought the tickets. >> not that much. >> 19 you think is not? >> i thought there were tickets earlier that were going for more than that, also. >> it was an extraordinary concert for an extraordinary situation. and -- >> it will be interesting to see how much money -- >> we'll probably find out soon enough how much money was raised. >> 12-12-12. and we're all still here. >> someone told me at 12:-12-
i had a lunch. >> it was in the city. >> no. >> you were so close, you came across the bridge? >> i also had to meet with my style team. >> okay. >> my style is lacking, apparently. >> another historic night at madison square garden and the 12-12-12 concert brought relief for hurricane sandy. the sold-out show lasted nearly six hours and was said to have reached an audience of two billion, with a b, people around the world. it was broadcast over tv,...
205
205
Dec 21, 2012
12/12
by
CNBC
tv
eye 205
favorite 0
quote 0
in the northeast, it will be the big issue with the rain, the sleet, the snow and the wind. we will see issues in places like new york city, possibly as far south as raleigh. pretty easygoing. we'll be seeing the heavy rain in places like san francisco. oakland could have some backupes and perhaps some in portland and seattle. back to you guys. >> all right, reynolds wolf. got it. >> you know, you don't lose anybody if you go wolf reynolds. we have said that. >> reynolds, he also has carl. he wants him to be carl quinn. >> you do, really? >> you hear tr people who don't do it on purpose, though, reynolds. that's the thing. you're in on it. we're all in on this together. anyway, congratulations on still being here, reynolds, and maybe we'll see you next week. >>> coming up, why share of blackberry birmingham rim popped and dropped after the bell. i'm thinking also, becky, they will buy me an iphone here. now i'm thinking i go with this new thing, this new -- >> the blackberry 10? >> yeah. all i use it for -- i don't know how to do the stuff you're supposed to do, anyway. >>>
in the northeast, it will be the big issue with the rain, the sleet, the snow and the wind. we will see issues in places like new york city, possibly as far south as raleigh. pretty easygoing. we'll be seeing the heavy rain in places like san francisco. oakland could have some backupes and perhaps some in portland and seattle. back to you guys. >> all right, reynolds wolf. got it. >> you know, you don't lose anybody if you go wolf reynolds. we have said that. >> reynolds, he...
227
227
Dec 20, 2012
12/12
by
CNBC
tv
eye 227
favorite 0
quote 0
you'll be able to see during the fast money halftime report. >> google agreeing to sell a set top tv boxmaker called motorola home. the price tag is $2.4 billion in cash and stock. era is a georgia based equipment maker and the shares jumped after hours. >> when we return a major winter storm wreaking havoc across the central plains. draco will make holiday travel difficult. an update right after this. and then it's your tools of the trade. oil, gold and more as we get ready for another day on trading on wall street. "squawk" will be back. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christ
you'll be able to see during the fast money halftime report. >> google agreeing to sell a set top tv boxmaker called motorola home. the price tag is $2.4 billion in cash and stock. era is a georgia based equipment maker and the shares jumped after hours. >> when we return a major winter storm wreaking havoc across the central plains. draco will make holiday travel difficult. an update right after this. and then it's your tools of the trade. oil, gold and more as we get ready for...
324
324
Dec 3, 2012
12/12
by
CNBC
tv
eye 324
favorite 0
quote 1
is that something -- i'm not saying you're not, but you know the way to political winds are blowing, you've seen mcdonald has some success and, you know, we're not even allowed to drink like 16.1 ounces in new york city. things are going in a very strange direction. does that factor into your thinking? pizza is not thought of as health food. >> you put a bunch of vegetables on it and it can be healthy. there are some menu labelling issues. >> when are you guys going to follow him right in there? if you look at the ties over here, they're disappearing quickly. >> cold pizza has been a staple for a long time. i think that's going to remain our core entrance into the breakfast market. >> yeah. you don't need eggs, either. it's basically bread, chicken and cheese. that doesn't seem like a -- usually i don't eat anything until like 10:30 or something. and one egg. you really shouldn't do that if you're up at 3:30, right? >> if you're up at 3:30, i think you need a meal. highly recommend pizza. >> how come the holiday sess a bigger time for you, patrick? >> you know, as families start to g
is that something -- i'm not saying you're not, but you know the way to political winds are blowing, you've seen mcdonald has some success and, you know, we're not even allowed to drink like 16.1 ounces in new york city. things are going in a very strange direction. does that factor into your thinking? pizza is not thought of as health food. >> you put a bunch of vegetables on it and it can be healthy. there are some menu labelling issues. >> when are you guys going to follow him...
247
247
Dec 11, 2012
12/12
by
CNBC
tv
eye 247
favorite 0
quote 1
the press conference taking place in new york city. there's richard anderson who has just taken the podium here in new york city. they're going to be announcing not only the outline of the terms of this deal but a little bit of the philosophy behind why delta is buying this stake. let's take a look at the terms of the deal. delta buying 49% stake in virgin atlantic. basically buying the singapore airline stake. that's $360 million is how much it's costing. the virgin atlantic brand remains. that's critical here. just a few minutes ago richard branson said ignore all the speculation that i'm going somewhere. i'm going nowhere. he plans to remain ceo of virgin atlantic. why is delta doing this? this is all about increasing exposure to the london market. specifically the slots at heath row. when you look at all the flights that are going to be added to the delta network through its alliance here with virgin atlantic from the new york market, this is very, very lucrative for delta. particularly when you're talking about the corporate custo
the press conference taking place in new york city. there's richard anderson who has just taken the podium here in new york city. they're going to be announcing not only the outline of the terms of this deal but a little bit of the philosophy behind why delta is buying this stake. let's take a look at the terms of the deal. delta buying 49% stake in virgin atlantic. basically buying the singapore airline stake. that's $360 million is how much it's costing. the virgin atlantic brand remains....